Tag: Bhushan Steel

Delhi HC seeks Centre’s response to industrialist Singhal’s plea

A bench of Justice S. Muralidhar and Justice Vinod Goel asked the government to file its response and listed the matter for August 21. 

August 20, 2018

Finmin expects banks to get back Rs 1L cr with resolution of 12 NPAs

Enthused by successful conclusion of Bhushan Steel case, the Finance Ministry expects banks to write back more than Rs 1 lakh crore after the resolution of all 12 NPA cases referred to insolvency proceedings by the RBI it its first list. Last week, Tata Group acquired controlling stake of 72.65 percent in the debt-ridden Bhushan …

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May 21, 2018

Bhushan Steel takeover: Jindal congratulates Ratan Tata

Steel tycoon Sajjan Jindal on Saturday congratulated Tata Group Chairman Emeritus Rata Tata and Senior officials on the successful acquisition of bankrupt Bhushan Steel. He also exuded confidence that the Tata Group will “nurture” the good quality asset. Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency …

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May 20, 2018

Tata Steel, JSW-Piramal JV bid for Bhushan Steel

 Debt-laden Bhushan Steel Ltd on Monday said Tata Steel, JSW Living Pvt Ltd and a consortium of the company’s own employees have submitted bids to take over its assets. The company in a filing to BSE said that as part of the resolution process, “the resolution professional (RP) has received resolution plans from Tata Steel, …

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February 19, 2018

JSW may offer Rs 30,000 cr for Bhushan Steel

In a bid to give tough competition to competitors, JSW Steel is expected to double its bid value for debt-laden Bhushan Steel, a source privy to the development said. The last date to submit the bids now is February 3, 2018. On January 24, the insolvency resolution professional (IRP) of Bhushan Steel had extended the deadline …

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January 28, 2018